Bailouts Of Bondholders Will Sock Taxpayers With $10-$14 Trillion Loss

The outrage of all outrages in the last 18 months is the complete protection of bank and corporate bondholders at taxpayer expense. These bondholders lent money to reckless banks and corporations who bet the farm on the premise that house prices would always go up. And they lost.

Now, thanks to bailout nation, taxpayers are on the hook for trillions. Bondholders, meanwhile, have lost next to nothing.